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Dec 28, 2012
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fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will not meet expectations, and the reason for that is the nook business at the same time peerson investing a lot of money in the nook business so two pieces of news affecting the stock today, but it is a winner. look at that volume. pretty good. back to you. dagen: thank you, lauren. two hours to go until an 11th hour meeting between washington and the leaders. any kind of compromise? rich edson's live on capitol hill with up-to-the-minute developments. rich, what do you know? >> republicans anticipating or expecting president obama and democrats to offer a fiscal cliff deal, perhaps a scaled back proposal, but, still, no indication that's going to happen this afternoon. the senate is in session. the house returns sunday. they will take a vote sunday night on another pi
fear of the fiscal cliff and traders saying, all right, we have this idea of a deal getting done baked into the markets, but maybe that's going to unravel a little bit. barnes and noble share, stock up more than 6 #% as i speak. the news is both good and bad. bad news first. they say the holiday period and sales trends will not meet expectations, and the reason for that is the nook business at the same time peerson investing a lot of money in the nook business so two pieces of news affecting...
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Dec 28, 2012
12/12
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cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go into politics, would you rejoice? >> i would be straightforward with them. when i decided i wanted to run for governor, somebody asked me if my skin was thick enough. i said, sure. i would encourage them to do it. there are bumps in the road and historical changes we have all seen and they will continue to happen. i predict longer-term there will be more independent-minded people who want to work together to get things accomplished. the bipartisan word will ultimately have more application. i was amused harry r
cliff. what did we do? electioneering. it was all about waiting until the election is over. when the elections become more important than governing the country, you get into the trouble we are in. it is not just wild spending. it is not just tax loopholes. it is about governing and fiscally managing things as you go along. it does not just have to be in the white house. it has got to be in congress as well. >> given the frustrations you have voice, if a grandchild said they want to go...
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Dec 28, 2012
12/12
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CNNW
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cliff showdown. just four days left to get this deal done or massive tax hikes and spending cuts will kick in. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security in the central african republic has forced the u.s. state department to temporarily suspend operations. there the u.s. ambassador, his diplomatic team and some private american citizens are out of the capital. the country's president has asked france and the united states for help to stop rebels that threaten rule. >>> it's not clear who will replace lisa jackson as the head of the environmental protection agency. jackson announced yesterday she's stepping down in january after the president's state of the union address. the epa created new standards for air pollution from coal power plants on her watch. >>> massachusetts congressman ed ma markey throwing his hat into the ring for kerry's senate seat. a special election would be held early this summer. markey a 66-year-old democrat is the first promin
cliff showdown. just four days left to get this deal done or massive tax hikes and spending cuts will kick in. >>> the u.s. embassy clearing out of an african nation this morning. deteriorating security in the central african republic has forced the u.s. state department to temporarily suspend operations. there the u.s. ambassador, his diplomatic team and some private american citizens are out of the capital. the country's president has asked france and the united states for help to...
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Dec 28, 2012
12/12
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do you think that's taken kind of a bargaining chip away from the fiscal cliff negotiations? >> there seems to be some politics behind this announcement right now as we hit the ceiling. as you make the calculations, it seemed to me as if they were only going to hit the ceiling in february or march next year anyway. the fact that he comes out and says actually we're shutting the ceiling now and i have to make all these adjustments so we hit only in february seems to me that there is a bit of politics going on already and trying to increase the pressure on the republicans to agree at the year end. >> i wonder how much is priced into the markets. despite the fact that we're going partially over the cliff or doing the coyote/roadrunner thing in the air, i'm just not sure that we are necessarily going to see a huge move. among other things, it seems the market is tired of the political wrangling'. >> indeed. i think what is priced in is that this is priced in at a slope. it's something that's going accumulate over the year and is going to hit the gdp if it really hits over the cou
do you think that's taken kind of a bargaining chip away from the fiscal cliff negotiations? >> there seems to be some politics behind this announcement right now as we hit the ceiling. as you make the calculations, it seemed to me as if they were only going to hit the ceiling in february or march next year anyway. the fact that he comes out and says actually we're shutting the ceiling now and i have to make all these adjustments so we hit only in february seems to me that there is a bit...
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Dec 28, 2012
12/12
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days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the republicans' line. what do you think? >> i don't care for what they are doing. my question to you, the fiscal cliff negotiations, i have not heard one person say anything about eliminating foreign aid to these countries to pay off or debt. that has to be trillions of dollars. >> adrian is on the line in iowa on the democrats line. go ahead. >> hello. i just want to say obama -- they should do what the obama says he is the president of the united states. obama should -- they should listen to obama and go ahead and do the fiscal cliff automatic. because if they pa
days before the fiscal cliff where we go off. the president should have held what i would call a slumber party and have him, the congressional leadership, and the cabinet locked in a room, bringing their materials and say we will stay and have a summer party and bring this thing out before everyone can go >> i think they need to lock themselves in a room and just bang this whole thing out. >> we're going to hear from john calling from maryland, just outside of d.c. on the...